Started in M&A this month; 30 Years old. No prior experience. Non-target school.

New user here. Learned a lot from you guys, so thank you all for being a vibrant community.

A bit about myself:

I had no plans whatsoever with regards to my future career etc. Ended up wasting time partying and being careless.

Bounced around between non-target universities in the U.S.
Took some time off to start a business that eventually failed.
Recovery phase:
Completed my B.A. in Economics at a uni in China in 3 years.
A month after graduating I started an M.B.A. at a top 5 uni in Asia.
Now I'm 30 years old, and just started my first "real job" at an investment bank in Asia in the M&A group.

A bit about the firm:
One of the largest investment banks in Asia (probably the largest in it's local market).
Slow deal-flow. 1 MD. 8 other analysts. MD and about half of the analysts come from GS, MS, and JPM; MD has more than 12 years exp. at one of those firms, while most of the analysts had around 4-7 years of experience.

**My Situation:
**
After the MBA I was able to land this job by networking. No other method worked.

It's been almost 3 weeks and I was asked to do a single task only: use capital iq to find comps and put them together on an excel sheet along with their market cap, LTM revenue, LTM EBITDA and EBIT margins, revenue per sector, and so on. Still no feedback from the analyst that requested it. I also don't have dedicated access to capital iq or any other platform/terminal so far, so spending most of my time reading news, reviewing the M&A manual, going through the CFA SchweserNotes whenever I feel that I need to review something, and so on.

I don't speak their local language, so I know for sure that I won't be involved in most of their discussions, although they all speak English fluently.

My original plan was to get some decent IB experience, and then lateral to U.S., HK, London, Dubai, London, etc. Met a cool guy from the same company, but at global trading, and he called a few guys from IB at a few BBs in town, and they were surprised that I was even able to land this job because of my age (and no prior experience).

What are my options? How's my age going to affect my career?

P.S. I really need the opinion of experienced bankers; bankers that preferably made hiring decisions.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Lazard Freres No 98.8%
  • Goldman Sachs 18 98.3%
  • Harris Williams & Co. New 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (21) $373
  • Associates (91) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (68) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
CompBanker's picture
CompBanker
98.9
6
dosk17's picture
dosk17
98.9
7
GameTheory's picture
GameTheory
98.9
8
kanon's picture
kanon
98.9
9
numi's picture
numi
98.8
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”